RE:RE:Bullish take on more stock
Agreed, I think we will break $2.00 once people realize why a private placement is above ask. Imo this capital raised represents energy to make 'something' happen.
I also think this is also planned to add momentum while FOMB 'organizes' itself with the new appointments.
Key point being...
Each unit comprises one common share plus one whole common share purchase warrant exercisable at $2.50 per warrant, converting into one full common share.
Honestly, I think this just makes GRB a stronger buy. The only reason someone would take a private placement costing ~8% more, only able to sell at ~37% more, is because they are getting in "low". You'd expect they believe the stock will be above this point.
Imo this is just another example of GRB 'playing the game' and strengthening their position. Watch out, that $2.00 floor might come up faster than you think.